With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Example: for a home with a £200,000 price tag

Help to Buy: Equity Loan scheme Example

If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.

Shared Ownership

IMS are the preferred mortgage advisors for many shared ownership companies and housing associations in and around the Abingdon area, Oxfordshire, Buckinghamshire and Northamptonshire.

Shared ownership means that you purchase a share of a property, typically between 25% and 50% the remaining share is owned by the housing association and you pay rent on this portion.

Shared ownership is available on most new build sites, second hand properties sometimes come to market and now there is a new scheme available through http://heylohousing.com where you can purchase a second hand home with the help of shared ownership.

For any advice relating to help to buy or shared ownership please call IMS on 01869 248339 or email info@imsinternet.co.uk

Company Information

The Financial Conduct Authority does not regulate some aspects of commercial mortgages; buy to let mortgages, secured loans & unsecured loans. There will be a fee for mortgage advice the amount of the fee will depend on your circumstances but we estimate it will be 1% of the amount you wish to borrow, subject to a minimum fee of £995. Your home may be repossessed if you do not keep up repayments on your mortgage.